Fund Interest Price definition

Fund Interest Price means, on any Fund Business Day, the price of one Fund Interest in the Specified Currency as at that Fund Business Day (subject to the provisions of Condition 19(b)), which shall be equal to the available official net asset value of a Fund per Fund Interest for that Fund Business Day, as either notified to the Calculation Agent by the relevant Fund Manager or published by or on behalf of such Fund, less any applicable costs, expenses or taxes that would be incurred by a holder of a Fund Interest in redeeming such Fund Interest, determined by the Calculation Agent; provided that if an Investing Entity either makes an investment in, or redeems, Fund Interests as of such Fund Business Day at a price per Fund Interest that isdifferent from the one so notified or published, the net price per Fund Interest at which such investment or redemption is effected shall be treated as the Fund Interest Price.

Fund Interest Price means, on any Fund Business Day, the price of one Fund Interest in the Settlement Currency as at that Fund Business Day, which shall be equal to the available official net asset value of a Fund Interest for that Fund Business Day, as either notified to the Calculation Agent by the relevant Fund Adviser or published by or on behalf of the Reference Fund, less (A) any applicable costs, Expenses or Taxes that would be incurred by a Hypothetical Investor in redeeming such Fund Interest, and (B) such other fees as are specified as “Redemption Fees” in the relevant Final Terms, in both cases, as determined by the Calculation Agent in its sole and absolute discretion.

Examples of Fund Interest Price in a sentence

• The USPIOs, with particle diameters of 20-50 nm, are completely coated either with native dextran (ferumoxtran-10 (Combidex ®)) (2, 6, 37), or with a semi-synthetic carbohydrate, as in the new agent ferumoxytol (16, 43).

• Deferrals in case of Non-Business Days and Disrupted Days With respect to a Fund and a day in respect of which the Fund Interest Price is to be determined, if such day is not a Scheduled Trading Day or is a Disrupted Day, such day may be deferred for up to 8 (eight) Fund Business Days after the original date, as determined by the Calculation Agent.

• In turn, the Custodian has delegated the custody of assets in certain markets in which the Scheme may invest to various sub-delegates ("sub-custodians").

• In that case:(a) that final Fund Business Day of the Disrupted Period shall be deemed to be such Calculation Date in respect of the related Fund Interests, notwithstanding the fact that such day is a Disrupted Day; and(b) the Calculation Agent shall determine the Fund Interest Price as its good faith estimate of the Fund Interest Price that would have prevailed, but for the occurrence of a Disrupted Day, on that final Fund Business Day of the Disrupted Period.

• If the Calculation Agent determines that, subject as provided below, any Strike Date on which a Fund Interest Price is to be determined is a Disrupted Day, then the Strike Date shall be the first succeeding Fund Business Day that is not a Disrupted Day, unless each of the Fund Business Days falling in the Disrupted Period is a Disrupted Day.